The Fallon Company Breaks Ground on Fifty Liberty, Fan Pier’s Second
Ultra-Luxury Residential Building

Developer unveils architectural renderings of
new 14 story residences located at epicenter of Boston’s new waterfront

October 28, 2015 12:30 PM Eastern Daylight Time

BOSTON--(EON: Enhanced Online News)--Continuing the momentum at its landmark Fan Pier development, The FallonCompany today broke ground on Fifty Liberty, a 14-story new
construction residential tower that will feature sweeping views of
Boston’s inner and outer harbors and city skyline, offering residents
the best of luxury, waterfront living in an unparalleled location at one
of Boston’s most coveted new addresses.

The ceremony marked the latest milestone at the 21-acre, mixed-use Fan
Pier development, with construction on the 120-unit luxury condominium
building commencing a mere two years after The Fallon Company broke
ground on Twenty Two Liberty, the site’s first residential tower. Market
demand for Twenty Two Liberty, which pre-sold all units an unprecedented
six months prior to the building’s completion, led The Fallon Company to
fast-track development plans for Fan Pier’s highly-anticipated second
residential condominium tower.

"The groundbreaking of Fifty Liberty represents another milestone in the
growth and evolution of Boston's waterfront, and will strengthen our
City by bringing jobs and economic development," said Mayor Martin J.
Walsh.

Fan Pier, spanning nine city blocks and situated at the epicenter of
Boston’s bustling new waterfront, is a modern metropolitan community
that embodies all of the conveniences and amenities of a 21st
century urban neighborhood, including lush green space, a world-class
marina, and a bevy of cultural, dining and retail destinations, in the
heart of one of the nation’s most historic cities.

“We look forward to welcoming future residents of Fifty Liberty to the
vibrant Fan Pier neighborhood,” said Joe Fallon, President and CEO of
The Fallon Company. “Like Twenty Two Liberty, Fifty Liberty offers the
sophistication and convenience of city living, including access to the
city’s best restaurants, coupled with ample green space and front-door
waterfront access as its ultimate amenity. We’re happy with the
continued interest in the Fan Pier lifestyle, and all it affords remains
so strong.”

Fifty Liberty will feature a staggered façade, featuring waved balconies
and terraces as a nod to the building’s waterfront location, and will
include a second floor “green roof,” complete with lush landscape
architectural elements, adding additional aesthetic interest to its
exterior. Designed to maximize views from the majority of units, the
building boasts unparalleled 270-degree vistas of Boston’s cityscape,
Fan Pier Park, Boston Harbor and Fan Pier Marina from various vantage
points. The generously-sized condominiums will be available in several
configurations, from studio pied-à-terres to 3+ bedroom homes, with
high-end details and an array of luxurious amenities designed to surpass
even the most refined expectations.

Fifty Liberty’s luxury homes will be impeccably styled with quality
materials and finishes throughout, and residents will enjoy the best of
luxury from their first steps into the intimate lobby, complete with
fireplace and welcoming seating areas. The vibrancy of city living will
be available at their fingertips, including 24 hour concierge support,
private shuttle service around the city, and private elevator access
from the underground garage to each floor. Additionally, the property
will offer residents a dedicated 3,500 square foot club room for
entertaining, and “Stretch 50,” a private 2,000 square foot
indoor/outdoor health and fitness center, featuring best-in-class
cardiovascular and weight training equipment.

Additionally, Fifty Liberty will offer its residents front door access
to two lush, outdoor areas – the one-acre Fan Pier Park, as well as the
Fan Pier Public Green. The homes will also provide easy access to Fan
Pier’s world-class, six-acre marina, which offers a variety of berthing
options from sailboats to mega yachts, and the 38 mile Boston
HarborWalk. Completion of Fifty Liberty is expected in late 2017.
Preliminary sales are underway.

Fifty Liberty will be situated within steps of a formidable litany of
retail and hospitality ventures on Fan Pier, including Mario Batali’s
Babbo Pizzeria e Enoteca, and Committee, a George Aboujaoude restaurant
specializing in Mediterranean “meze” fare and hand-crafted cocktails.
These two new concepts opened in 2015, and added to Fan Pier’s
well-rounded mix of local and national retail concepts, including Empire
Asian Restaurant & Lounge, Sam’s and Strega Waterfront, along with
B.Good, Bright Horizons Family Solutions, Leader Bank and Starbucks
Coffee Company. Additional dining and retail locations are also planned
for the site, and for the ground floor of Fifty Liberty.

Other conveniences include close proximity to some of Boston’s premier
arts and cultural attractions, such as the Institute of Contemporary Art
(ICA), Blue Hills Bank Pavilion, and the Boston Children’s Museum. Fan
Pier also offers easy access to public transportation, including South
Station, a water taxi to Boston Logan Airport and the Financial
District, Hubway bikes onsite, and easy access to several highway
exchanges.

Design for Fifty Liberty is helmed by Boston-based Elkus Manfredi
Architects, an award-winning firm led by Howard F. Elkus and David
Manfredi, both fellows of the American Institute of Architects.
Established in 1988, Elkus Manfredi's collective wealth of design and
planning experience is built across a rich diversity of project and
building types, with a diverse portfolio of projects both locally and
globally, including Miami World Center, The Shops at Columbus Circle and
Sochi Grand Marina. The design firm's understanding of the interplay
between connectivity, location, market pressures, sustainability, and
other elements is central to how they approach each project and is at
the core of The Fallon Company's decision to work with them.

The Fallon Company has an unmatched reputation in Boston for undertaking
and executing the most challenging and complex real estate development
projects, and perfectly positioning them for optimal current and future
use. Founded by Joe Fallon in 1993, the firm has consistently achieved
success through the exceptional experience and dedication of its team
and its visionary leadership. The company has developed billions of
dollars in commercial real estate, and is currently developing Boston’s
Fan Pier, a 21-acre property spanning nine city blocks and permitted for
three million square feet of mixed-use office, residential and retail
space. Additional Fallon Company projects include The
Westin Boston Waterfront Hotel, Park
Lane Seaport, ONE
Marina Park Drive, Fifty
Northern Avenue and Eleven
Fan Pier Boulevard.